FactSet Research Systems (NYSE:FDS) Stock Price Down 4.5%

FactSet Research Systems Inc. (NYSE:FDS) shares dropped 4.5% during mid-day trading on Tuesday . The stock traded as low as $418.65 and last traded at $418.67. Approximately 97,544 shares traded hands during trading, a decline of 59% from the average daily volume of 238,277 shares. The stock had previously closed at $438.43.

Wall Street Analyst Weigh In

FDS has been the subject of several research reports. BMO Capital Markets lifted their target price on FactSet Research Systems from $447.00 to $458.00 and gave the company a “market perform” rating in a research report on Monday, March 25th. Oppenheimer reaffirmed a “market perform” rating on shares of FactSet Research Systems in a research note on Friday, March 22nd. Wolfe Research began coverage on shares of FactSet Research Systems in a research report on Thursday, April 11th. They issued an “underperform” rating and a $430.00 price target for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $469.00 price objective on shares of FactSet Research Systems in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their target price on FactSet Research Systems from $377.00 to $419.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Three analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $442.70.

FactSet Research Systems Trading Down 1.0 %

The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $15.96 billion, a PE ratio of 33.15, a PEG ratio of 2.58 and a beta of 0.72. The business’s 50-day moving average is $451.29 and its two-hundred day moving average is $455.19.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, March 21st. The business services provider reported $4.22 earnings per share for the quarter, beating the consensus estimate of $3.83 by $0.39. The business had revenue of $545.95 million during the quarter, compared to the consensus estimate of $547.93 million. FactSet Research Systems had a return on equity of 34.36% and a net margin of 22.72%. On average, analysts anticipate that FactSet Research Systems Inc. will post 15.83 earnings per share for the current fiscal year.

FactSet Research Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, February 29th were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 0.94%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 31.04%.

Insider Activity

In related news, CEO Frederick Philip Snow sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $452.10, for a total transaction of $1,356,300.00. Following the transaction, the chief executive officer now owns 12,915 shares of the company’s stock, valued at $5,838,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On FactSet Research Systems

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in FactSet Research Systems by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,559,576 shares of the business services provider’s stock valued at $2,175,146,000 after purchasing an additional 16,801 shares during the period. Bamco Inc. NY raised its position in FactSet Research Systems by 0.3% in the third quarter. Bamco Inc. NY now owns 2,751,596 shares of the business services provider’s stock worth $1,203,163,000 after acquiring an additional 8,862 shares in the last quarter. Morgan Stanley lifted its holdings in FactSet Research Systems by 100.1% in the third quarter. Morgan Stanley now owns 1,396,225 shares of the business services provider’s stock valued at $610,515,000 after acquiring an additional 698,611 shares during the period. JPMorgan Chase & Co. boosted its position in shares of FactSet Research Systems by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 503,467 shares of the business services provider’s stock worth $220,146,000 after purchasing an additional 66,986 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of FactSet Research Systems by 1.6% during the 3rd quarter. Fiera Capital Corp now owns 441,046 shares of the business services provider’s stock worth $192,852,000 after purchasing an additional 6,960 shares during the period. 91.24% of the stock is owned by institutional investors and hedge funds.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.